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[ICO REVIEW]- What is Hypernet? A new infrastuture for computing – Why not?

sakura - 10/06/2018 - 2576 view
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Hypernet is a protocol for high-performance computing on a network of decentralized devices. Hypernet is built, based on a new programming model, which is supposed to be the backbone of the next computer era. Hypernet allows you to rent time on hidden devices, earn extra money by providing researchers and engineers with the idle computing powerof the devices that you are able to solve the current challenges such as cost, time, environment, etc.

1. Official channels

Website: https://hypernetwork.io/

Telegram: https://t.me/joinchat/H-DkTAx1R8A0HvY6vNs5Xw

Medium:  https://medium.com/@hypernet

Reddit:  https://www.reddit.com/r/HypernetComputing/

Facebook: https://www.facebook.com/GoHypernet/

 

2.Idea of technology

What is Hypernet?

Hypernet is a parallel computing protocol, taking advantage of idle computing power on a network of decentralized devices.

Advantages:

Cost: Current centralized data storage centers are spending 70% of the cost of building platforms, hardware and cooling. Meanwhile, Hypernet will utilize free computing power on decentralized devices in order to reduce the cost of computing.

Time: Hypernet connects network of devices in order to reduce computing time.

Environment: Hypermarkets will reduce the arising need for new devices and large, costly centralized data storage centers.

Latency: The Hypernet allows computing the large amount of data and reducing data transfer costs without the need to send repeatedly to the cloud.

Security: When decentralized data storage reduces the risk of security attacks and increases security.

Damage: Decentralized computing reduces the risk when the network is disrupted or stolen data on a large scale.

Having read about the Hypernet project for the first time, the analysts themselves felt that Hypernet had the same technology ideas as Blockchain projects like Golem, Sonm, iExec. The abovementioned Blockchain projects also build the next-generation IT infrastructure and create a sharing economy that distributing computing power globally.

So what is the distinction of Hypernet?

Hypernet owns better and more comprehensive programming model than other existing Blockchain projects. Previous models have not really solve the computational issues and computing will be interrupted when new devices appear and disappear in the system. Hypernet is designed to be a new programming model underlying blockchain layers to address computational problems that require interprocess communication (IPC- an indispensable means of helping the processes to exchange information with each other.) Hypernet is a protocol built on a primary basis, not just is the technology built on the available foundation.

How does Hypernet work?

Cloud computing is a technological solution that appeared five years ago. In cloud computing, data must be transfered through at least 20 network ports, and this can cause latency for active intelligence. At that time, this latency was still acceptable because the society only needed to know how to make a profit from data integration. Nowadays, we are entering the new Internet era and the data is blooming rapidly. Therefore, the latency that has already existed in cloud computing requires to be overcome. Hypernet was born to solve this problem. Along with the applications accompanying, the Hypernet ecosystem is expected to be a decentralized platform connecting individuals and businesses that need computing power with those who want to sell idle power on their devices.

Hypernet builds on a parallel programming model, also known as the Distributed Average Consensus (DAC). This model is a form of programming that permits multiple algorithms to be executed concurrently. With the support of DAC, Hypernet has  a new approach in implementing distributed computing.

Two consensus views:

  • DAC / API (off-chain): API (Application Programming Interface) - an application programming interface in which a computer system allows service requests to be generated from other computer programs. , and enables data to be exchanged between them. Instead of self-operating computers, this program allows the entire system to automatically add or remove devices in need to deal with problems.
  • Blockchain Scheduler: Hypernet sets up the work network and device through the blockchain scheduler. The scheduler will automatically connect the buyer's needs to the parties providing the appropriate equipment to ensure that the work is completed with high efficiency, safety and reliability.

Hypernet's software infrastructure consists of three main components:

  • Blockchain Resource Scheduler.
  • The API is based on the principle of distributed average consensus
  • Hypernet operating environment

 

Hypernet's ecosystem includes: Buyers and sellers of computing power.

Buyers: Anybody who wants to conduct computational tasks on Hypernet. Buyers will buy computational time on nodes with specifications through smart contract. Buyers will provide work requirements including the number of CPUs, storage capacity, memory, network bandwidth and price, then order on the Hypernet smart contract scheduler. The scheduler automatically generates a smart contract for the seller when it finds the appropriate buyer and accepts to sign the contract.

Sellers: These are people who have computers connected to the Internet. Sellers will value their hardware and equipment when they enter the market. If the price and hardware of the sellers meet the requirements of the buyers, the two parties will sign the smart contract.

Buyers may attach checkpoints in the code that they send to the seller. Checkpoint is a standard technique for providing suitable restarting locations for long-running computation because these codes may be in error before completion or after conducting a significant number of tasks. When the sellers meets the buyers’ checkpoint, they will be paid for the work they have done so far.

To ensure the transaction between buyers and sellers, Hypernet is designed with Process Replication – a means to ensure that the loss of a node does not affect the entire work. In addition, copying the process provides a means for the peer to check other peers that really contribute to the computing they are involving or not. When a peer group is assigned the same data, the peer can ensure that no participant has been cheated by hashing the current results; disclose a part of public information (such as their progress ID) and share this information with the group. The structure of this process is similar to the Proof of Spacetime that has been used in other decentralized projects.

  1. Core team

Hypernet's Dev Team are experts and PhDs with many years of experience in the field of computer science. Including:

 

  • CEO and co-founder: Ivan Ravlich – majoring in materials science (an interdisciplinary science that studies the relationship between composition, structure, fabrication, processing and properties of materials) and chemistry engineer at the University of Auckland - New Zealand. He also pursued a master's degree in aeronautics and space science at Stanford.
  • Co-founder: Daniel Maren - Founder of solar electronics company - Dragonfly Systems. The company was bought by SunPower in 2014 and Daniel became a consultant for SunPower. He has also worked for large corporations such as NASA, Nvidia, Facebook and Twitter.
  • Investment Director: Sami Biyadi - He graduated from the Ecole Normale Supérieure and Ecole Polytechnique, which are the best universities in France. After completing his master's degree, Samy worked at the French oil and gas corparations, Total S.A and SunPower's M & A division. He has also been a key member of several US and European software startups including AutoGrid, Cosmo Tech and Sunverge.

4.Advisory team

In addition to a team with extensive experience in computer science, Hypernet also has the support from a team of consultants who are experts and CEOs of the world's leading corporations.

 

Randall Kaplan: Co-founder of Akamai Technologies, the global leader in Content Distribution Network (CDN) services. Randall is also the founder and CEO of JUMP Investors, a venture capital firm that functions as a family office.

Tony Reeves: Financial Director of Global Technology Group for Experian plc. He led his financial strategy of cloud infrastructure.

Joe Urgo: Joseph is the co-founder of District0x, an decentralized Ethereum DApp in the globe market. Prior to that, Joseph founded Sourcerers.io, a consulting firm that supported projects based on Ethereum.

5. Communities

Hypernet's social media and social networks have not attracted many members and the interaction is not high.

Telegram: 11783 members

Medium: 242 followers

Reddit: 552 readers

Facebook: 1579 followers

6. Roadmap

Hypernet has not announced specific roadmap for each stage in the project. In the design and development process of 2018 for the Hypernet Foundation software, there are three important milestones to complete:

  • Blockchain Resources Sheduler
  • API consensus basis
  • Hypernet operating environment

 

7. Token sale

Hypernet releases Hypertoken - a decentralized cryptocurrency ERC-20. Hypernet will provide 1,000,000,000 tokens in the ecosystem. Hypertoken is not mined but will be released when initializing the Hypertoken protocol. Hypertoken is not just the buyer's payment unit paid to the seller when buying the computional time, but Hypertokens also has additional functions:

  • Collateral: Buyers and sellers use tokens as collateral for the introduction and completion of the computation.
  • Network distribution: Hypertokens are used to disperse and measure the ability to perform computation.
  • Reputation: Hypertoken allows factors in ecosystem to build a reputation and increase their position in the request for and completion of computation
  • Priority: Prioritizing work will be censored in Hypernet through three elements of reputation, network allocation, and collateral.

8. Review

Advantages:

In a centralized data center, up to 85% of the value of computing can be spent on infrastructure, hardware, maintenance, human resource and cooling. Hypernet eliminates the majority of these costs, which results in reducing price significantly for computational work.

Tokens have high utility and are an essential component in the ecosystem. Mostly tokens are used to promote the exchange of computer power between buyers and sellers. In addition, when the buyer / seller starts or completes the computation, they must place Hypertokens as a collateral. When sellers have a checkpoint, they will get back their collateral, which will mitigate the negative factors. Tokens are also used to vote for protocol changes and reputation.

Hypernet enables more computing to be safe and secure than centralized data centers thanks to the nature of the dispersion. This is a major advantage for Hypernet over the current centralized alternatives.

Disadvantages

The Scheduler and Consensus API MVPs are projected to launch around July, August and the Runtime Environment is announced in December 2018. However, currently, there have been no products to approach and no Github available which makes this project lose points in the development process today.

Before Hypernet, there were many successful projects, which means Hypernet is working in a very competitive technology field. What makes Hypernet different is that the advanced programming model is called Distributed Diffusion (DAC). This new design uses parallel computing rather than grid computing, which allows the distributed computing system to be highly efficient. It is, however, very difficult to assess whether Hypernet has become the dominant network in the industry.

Hypernet's Team Dev has years of experience in the computer science industry but has not had much experience in developing blockchain projects.

Reviewed by ICOgens.com

HYPE

RISK

ROI

TERM

ICOGEN’S SCORE

MEDIUM

LOW

NOT RATE

NOT RATE

NOT RATE

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*Note: All the information (on icogens.com) including tokens sales, “interest level”, ROI rate, hype rate, risk rate are our subjective opinion and only for informational and educational purposes. The information ICO Gens provides is not an investment advice.

HYPE: is defined as the level of concern over a project and its FOMO. This score is based on the number of people joining a project’s social channels such as Reddit, Telegram, Twitter, Facebook, Bitcointalk, Medium or Slack as well as the number of review articles produced by the third party.

RISK: the risk rate of the project. Based on this score, you can find more spam warnings of the project. More specifically, RISK is about the transparency of the project, its idea, members of the development team, roadmap and whitepaper. (RISK is rated regardless ROI rate of the project).

ROI: (Return on Investment): the rate of profit a project can bring to investors (ROI is considered separately from RISK. ROI can be rated High and RISK can be rated High as well).

TERM: this factor reveals the length of time you should hold token or coin of a project. The period of time can be Short, Medium or Long.

ICOGENS’ SCORE: this score can be decided by scores of four other scores or it will reflect the level of interest ICOGENS’ team has in the project. This score is separated from ROI score. It just shows how much Icogens core team concern the project.

You are reading [ICO REVIEW]- What is Hypernet? A new infrastuture for computing – Why not?  from the section ARTICLES.

Source: Icogens.com

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